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U.S. election uncertainty making ‘very difficult’ freight market worse, TFI CEO says

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MONTREAL — The head of Canada's biggest trucking firm says the upcoming U.S. election is straining an already weak market for freight.

MONTREAL — The head of Canada's biggest trucking firm says the upcoming U.S. election is straining an already weak market for freight.

"If it's candidate one, he's against windmills, so that business is going to fall. If you take the No. 2 guy, well he likes windmills, he's more green. So that's why we have these kinds of customers just sitting on the fence not knowing where the ball is going to drop — left or right,” Bédard said. Bédard was referring to the"truckload" segment of the business that carries full loads to a client, as opposed to"less-than-truckload" deliveries that make multiple drops of cargo for different clients on a single run.

Bédard added that rampant undercutting of labour laws by some trucking outfits has harmed his company to the point where he is mulling a sale of one segment of TFI.

 

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